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    191 Broad Street Rd Manakin-Sabot, VA 23103

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    191 Broad Street Rd Manakin-Sabot, VA 23103

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    • Land
    • 0.69 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 191 Broad Street Rd

    Lot size
    0.69 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 0.692-acre agricultural property, located at 191 Broad St Rd, Manakin-Sabot, VA 23103 (APN 47-1-0-31-C), is available for $149,500. Situated in Eastern Goochland County, this land boasts exceptional visibility from Broad Street Road, offering significant advantages for potential development. The property is zoned A-2 Agricultural with no restrictive covenants, providing flexibility for various uses. Its strategic location offers convenient access to Interstate highways and the Short Pump commercial district, with its many restaurants and amenities. The land is ideally positioned just west of Manakin Road, adjacent to the Sycamore Creek Golf Course, further enhancing its appeal and accessibility. The price per acre is $260,115. Ownership is held as a partnership. This property presents a unique opportunity for investors seeking land with high visibility and proximity to thriving commercial areas. The property is available immediately.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manakin-Sabot
    County
    Goochland
    State
    Virginia
    Longitude
    -77.6909
    Latitude
    37.6718

    Comparable in this City

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      10.00 Acres

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    • Value Estimation by Request
      47.50 Acres

      39 Broad Street Rd

      Land • 47.50 Acres
      39 Broad Street Rd, Manakin-Sabot, VA 23103
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    • Value Estimation
      $4,725,000
      29,123 SF

      100 Kinloch Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 29,123 SF
      100 Kinloch Dr, Manakin Sabot, VA 23103-2909
      View Details
    • Value Estimation
      $665,000
      3,690 SF

      2010 Manakin Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,690 SF
      2010 Manakin Rd, Manakin Sabot, VA 23103-2204
      View Details
    • Value Estimation by Request
      1.00 Acres

      50 Broad St Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.00 Acres
      50 Broad St Rd, Manakin Sabot, VA 23103-2213
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    • Value Estimation by Request
      0.98 Acres

      84 Plz Dr

      CHARITABLE ORGANIZATION • 0.98 Acres
      84 Plz Dr, Manakin Sabot, VA 23103-2247
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      Broad St & Manakin Rd, Manakin Sabot, VA 23103
      View Details
    • $5,800,000
      Pending

      Goochland Land For Sale

      Land available in Goochland County, Manakin Sabot, Virginia.
      2161 Manakin Rd, Manakin Sabot, VA 23103
      View Details
    • Contact for pricing

      Goochland Land Near Golf Course

      Prime land with excellent visibility near Short Pump commercial district.
      191 Broad Street Rd, Manakin Sabot, VA 23103
      View Details
    • New
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      Spacious Land on Hockett Road

      8.19-acre lot with high visibility and endless potential.
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    • $427,450
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      Manakin Sabot Land Homesite

      Residential land in a sought-after location with custom home potential.
      1028 Boscobel Trce Bnd, Manakin Sabot, VA 23103
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      Manakin Sabot Land Homesite Opportunity

      Homesite in Manakin Sabot's Boscobel Trace community.
      1025 Boscobel Trce Bnd, Manakin Sabot, VA 23103
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Dollar General

      Retail space for lease near Food Lion and Dollar General.
      30 Broad Street Rd, Manakin Sabot, VA 23103
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    • Contact for pricing

      Retail Space Near Dollar General

      Retail space for lease adjacent to Dollar General.
      30 Broad Street Rd, Manakin Sabot, VA 23103
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    Manakin-Sabot, VA 23103
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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